River Road Asset Management LLC Has $26.08 Million Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

River Road Asset Management LLC reduced its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 668,801 shares of the company’s stock after selling 71,992 shares during the period. River Road Asset Management LLC’s holdings in Advance Auto Parts were worth $26,077,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Diversified Trust Co increased its position in shares of Advance Auto Parts by 3.5% in the second quarter. Diversified Trust Co now owns 6,787 shares of the company’s stock worth $430,000 after purchasing an additional 232 shares during the period. OLD National Bancorp IN raised its position in shares of Advance Auto Parts by 6.8% in the 2nd quarter. OLD National Bancorp IN now owns 3,697 shares of the company’s stock valued at $234,000 after buying an additional 237 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Advance Auto Parts by 8.5% during the 1st quarter. Covestor Ltd now owns 3,395 shares of the company’s stock worth $289,000 after acquiring an additional 266 shares during the period. Sei Investments Co. boosted its position in shares of Advance Auto Parts by 0.5% during the 2nd quarter. Sei Investments Co. now owns 59,679 shares of the company’s stock worth $3,779,000 after acquiring an additional 277 shares in the last quarter. Finally, Qsemble Capital Management LP increased its stake in Advance Auto Parts by 7.6% in the second quarter. Qsemble Capital Management LP now owns 4,036 shares of the company’s stock valued at $256,000 after acquiring an additional 285 shares during the last quarter. Institutional investors and hedge funds own 88.75% of the company’s stock.

Advance Auto Parts Trading Up 0.3 %

NYSE AAP opened at $37.56 on Tuesday. The firm has a market capitalization of $2.24 billion, a PE ratio of 3,745.00, a price-to-earnings-growth ratio of 1.18 and a beta of 1.17. The business’s 50-day moving average price is $39.89 and its two-hundred day moving average price is $56.41. The company has a current ratio of 1.23, a quick ratio of 0.30 and a debt-to-equity ratio of 0.69. Advance Auto Parts, Inc. has a 12 month low of $35.59 and a 12 month high of $88.56.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Thursday, August 22nd. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.22). Advance Auto Parts had a net margin of 0.01% and a return on equity of 0.05%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the company posted $1.43 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts expect that Advance Auto Parts, Inc. will post 2.19 EPS for the current year.

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.00 annualized dividend and a yield of 2.66%. Advance Auto Parts’s payout ratio is 10,000.00%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Mizuho restated a “neutral” rating and set a $38.00 target price (down from $45.00) on shares of Advance Auto Parts in a research note on Thursday, September 12th. TD Cowen decreased their target price on Advance Auto Parts from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, August 23rd. Evercore ISI dropped their target price on shares of Advance Auto Parts from $71.00 to $67.00 and set an “in-line” rating for the company in a report on Tuesday, October 22nd. Wells Fargo & Company decreased their price target on shares of Advance Auto Parts from $50.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. Finally, Roth Mkm reiterated a “neutral” rating and set a $40.00 price objective on shares of Advance Auto Parts in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $55.92.

Advance Auto Parts Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.